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speaker boehner is ready today. let's get the job done. >> all right. congresswoman kathy mcmorris rodgers. thank you for coming on the show. come back, glad you're there in the negotiations talking to everybody. >> eugene robinson, final thoughts this block? >> well, you know, actually congress and the president have agreed on a huge deficit reduction package. it's called the fiscal cliff. so, you know, in my darker moments, i think we're going over it, and what if we went over it and the world didn't end? that would be kind of interesting. we'd take a big bite out of the deficit and everybody's taxes would go up, but i think the sun would come up tomorrow. >> huh. >> we may find out. >> okay, little orphan annie. >> so, gene, do you think right now that's you advise the president to do if the republicans don't come forward with more specifics? >> if i'm advising the president right now i'm advising him to wait a while. and that maybe when we get closer to the date, the calendar will concentrate the minds of many people in washington and a conversation
speaker boehner is ready today. let's get the job done. >> all right. congresswoman kathy mcmorris rodgers. thank you for coming on the show. come back, glad you're there in the negotiations talking to everybody. >> eugene robinson, final thoughts this block? >> well, you know, actually congress and the president have agreed on a huge deficit reduction package. it's called the fiscal cliff. so, you know, in my darker moments, i think we're going over it, and what if we went...
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how much pressure is speaker boehner under? does he have real allies at this point, since it seems he's being pulled in multiple directions here? >> speaker boehner is under enormous pressure, and if he needed to have this vote with just his own caucus or conference, he wouldn't be able to get it done. to the vote in the house, i think for every -- i think there's more tom coles there than we know that won't speak up. >> why won't they speak up? are they waiting to see the next round of back and forth? >> well, that could be part of it, but also, they're a little bit concerned about what their constituents are going to say. they don't want their e-mail box bombarded by the heritage foundation. now you see two extreme views. i think you'll end up at the trillion dollar mark, and i think that speaker boehner will need a lot of of democrats but i think he'll get them if everybody can come to a plan. he can use his moderates and democrats and get the votes he needs. >> thank you all for your time. great pleasure to have you on the
how much pressure is speaker boehner under? does he have real allies at this point, since it seems he's being pulled in multiple directions here? >> speaker boehner is under enormous pressure, and if he needed to have this vote with just his own caucus or conference, he wouldn't be able to get it done. to the vote in the house, i think for every -- i think there's more tom coles there than we know that won't speak up. >> why won't they speak up? are they waiting to see the next...
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we all know john boehner. john boehner's a deal maker. i didn't -- i liked him personally, but i never trusted him in congress because, you know, he liked making deals. that's what we need right now. the president can only push him so far. or he loses his caucus. and this is not about john boehner kicking and screaming. this is about him knowing what he can deliver. >> i understand that. john boehner has, and eric cantor and a paul ryan problem, he's got to keep them on board as his key guys. he can only go so far. i would guess that they're the ones holding the pen when he wrote, "i will not raise rates" in that letter he sent to president obama. but the problem is, we can agree or disagree with the president's position. i honestly take the president at his word. i do not believe there will be a deal here without some increase in tax rates for the top 2%. it doesn't have to be all of it, but some of it. i think the president has changed his tune a bit from the way he's handled some of these other negotiations. and take everything you say
we all know john boehner. john boehner's a deal maker. i didn't -- i liked him personally, but i never trusted him in congress because, you know, he liked making deals. that's what we need right now. the president can only push him so far. or he loses his caucus. and this is not about john boehner kicking and screaming. this is about him knowing what he can deliver. >> i understand that. john boehner has, and eric cantor and a paul ryan problem, he's got to keep them on board as his key...
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speaker boehner's $800 billion tax hike will destroy american jobs. the heritage foundation skewered the boehner counteroffer on its blog. at first blush, it appears little more than categorical preemptive capitulation. to be fair, the details of the republican proposal are extraordinarily vague to the extent it can be interpreted from the hazy details that it is utterly unacceptable. president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republicans are willing to close. and it is possible that we may be able to lower rates by broadening the base at that point. >> joining me here in washington are congressman tim walls, democrat from minnesota, and karen finney, the former dnc di
speaker boehner's $800 billion tax hike will destroy american jobs. the heritage foundation skewered the boehner counteroffer on its blog. at first blush, it appears little more than categorical preemptive capitulation. to be fair, the details of the republican proposal are extraordinarily vague to the extent it can be interpreted from the hazy details that it is utterly unacceptable. president obama said today there is a time and a place to discuss reforming the tax code. but that time is not...
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we have not seen that same support from republicans to speaker boehner. he has the rank and file behind him, but we have conservative voices both in the senate and house criticize the plan he put on the table. with that said, again, i guess my initial question is where do you see progress? you noted where the president stood the line and been loyal to the words he offered to the american public upon re-election, but as far as these negotiations are concerned, where is the progress? >> well, i think republican voices are being raised. even lindsey graham over in the senate and in the house, you're seeing the congressman speak out from ohio. though he's leaving, he sees a path forward to an agreement. i think we need 218 to pass a measure in the house, and i think we're on the road to do that. >> quickly, we have to talk about major changes to social security and medicare. you are against it. a new poll shows that 70% are opposed to medicaid spending cuts, 51% oppose raising medicare age. where are you you willing to compromise on entitlements when that par
we have not seen that same support from republicans to speaker boehner. he has the rank and file behind him, but we have conservative voices both in the senate and house criticize the plan he put on the table. with that said, again, i guess my initial question is where do you see progress? you noted where the president stood the line and been loyal to the words he offered to the american public upon re-election, but as far as these negotiations are concerned, where is the progress? >>...
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they are speaking as one with john boehner. so that's, i think, the big difference is that boehner, cantor, mccarthy, throw paul ryan in there, this is a quartet that is moving as one, negotiating as one. there's no, none of this looking over the shoulder. on the leadership side, it's a much different story. yes, it really depends on how you want to try to view it. can you find more rank-and-file conservative republicans who are sort of not in the circle? yes. to complain. but there's no -- there's no alternative. >> bob, you, yesterday, shadowed grover norquist for quite some time. you went to the meeting, his wednesday meeting. >> that's right. >> he has all the time with some of the most powerful conservatives in d.c. and across the country attending. what was their attitude about any deal that boehner might have to make? >> it's pretty interesting when you talk to house republicans because they look at boehner from two different perspectives. on one side, boehner went in front of the house conference and he said, i'm not go
they are speaking as one with john boehner. so that's, i think, the big difference is that boehner, cantor, mccarthy, throw paul ryan in there, this is a quartet that is moving as one, negotiating as one. there's no, none of this looking over the shoulder. on the leadership side, it's a much different story. yes, it really depends on how you want to try to view it. can you find more rank-and-file conservative republicans who are sort of not in the circle? yes. to complain. but there's no --...
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the president is john boehner are facing off for what couldçe a down to the wire nail-biter of a fiscal fight. indeed, the stakes are so high, the pressure so intense, that the house is calling it quits for the week. giving themselves another much deserved break. of course, not before demanding action from the president. >> where are the specifics? where are the discussions? nothing is going on, so we asked the president, sit down with us. >> i'll be here, i'll be available at any moment to sit down with the president to get serious about solving this problem. >> of course the speaker had to clarify that since the house is not back in session till tuesday. leaving just three days on the legislative calendar to get a deal. don't work too hard, guys. the president began his day meeting with business leaders a suring them he passionately roots for their success. even as he broke the news face to face that their taxes are going up. >>. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in in way that will affect your spending, lifestyles or the econo
the president is john boehner are facing off for what couldçe a down to the wire nail-biter of a fiscal fight. indeed, the stakes are so high, the pressure so intense, that the house is calling it quits for the week. giving themselves another much deserved break. of course, not before demanding action from the president. >> where are the specifics? where are the discussions? nothing is going on, so we asked the president, sit down with us. >> i'll be here, i'll be available at any...
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. >> i feel almost sorry for john boehner. >> does john boehner have control of his caucus? >> will john boehner lead his sdmaukz. >> is he leading his caucus or will his caucus lead him? >> two party two is going to dwarf tea party one. >> this is embarrassing. >> he's the problem. >> he's willing to act like the election never happened. >> we're not getting anywhere. >> we're going over the cliff. >> it's the gop who has been short on specifics. >> i would say we're nowhere, period. we're nowhere. >> the same exact policies. >> this shows that republicans are really chicken hawks. >> you can't be serious. >> chicken hawks when it comes to reducing the debt. >> get serious. >> we're not getting anywhere. >> the path to nowhere. >> be prepared for the plunge. >> i would say we're know where know where. >> there's clearly a chance. >>> today, john boehner, eric cantor and paul ryan finally kind of sort of responded to the president's budget proposal, a proposal of their own that they were so unmarried to that they didn't put their names on it. they said the whole thing was er
. >> i feel almost sorry for john boehner. >> does john boehner have control of his caucus? >> will john boehner lead his sdmaukz. >> is he leading his caucus or will his caucus lead him? >> two party two is going to dwarf tea party one. >> this is embarrassing. >> he's the problem. >> he's willing to act like the election never happened. >> we're not getting anywhere. >> we're going over the cliff. >> it's the gop who has been...
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i think boehner, a lot of us want a big deal. we're willing to put everything on the table. >> including new revenue? >> including new revenue. when we talk about they're going to cut, add revenue, cut expenses, we're running $1.3 trillion a year. we're going bankrupt if we don't figure out how to do this in a big way, and i think boehner wants to get that done. i think he can lead on that. i'm glad they're together. i just don't -- over the years i've been in business, you know, you given the professionals an opportunity to get it done but at the end of the day you get in a room yourself and we're not leaving until it gets done. >> do you sense eric cantor, kevin mccarthy, other leaders will give john boehner the room that he needs to do the deal? >> i do. >> without worrying about having to come back and getting his knees cut out from underneath him? >> they've sent some signals. i don't know it if you've been reading. i'm sure you've seen a loft different things about members but i think they want to get a big deal, a substant
i think boehner, a lot of us want a big deal. we're willing to put everything on the table. >> including new revenue? >> including new revenue. when we talk about they're going to cut, add revenue, cut expenses, we're running $1.3 trillion a year. we're going bankrupt if we don't figure out how to do this in a big way, and i think boehner wants to get that done. i think he can lead on that. i'm glad they're together. i just don't -- over the years i've been in business, you know,...
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boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner is trying to warn conservatives about going against any kind of deal he cuts with the white house. so as a warning, boehner is saying i'm going to boot you off your committee if you go against something i do. a lot of conservatives don't like it when he plays hardball. they're going to continue to fight back just like senator demint is doing right now. >> but he's also going to lose some votes on the moderate side. a couple dozen republican house members signed a bipartisan letter that says let's look at all kinds of tax rates, not just the deduction, but tax rates in r
boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner...
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>> speaker boehner said he's willing to raise revenue. his method is simplify the tax code, eliminating the deductions wealthy people take advantage of. president obama is less interested in that. his emphasis is raising rates. that's been the debate. republicans may or may not concede on that. as you said, they don't have a lot of leverage. if they do nothing, if no law passes, they go over the fiscal cliff. >> that raises the issue. you are talking what a disaster the medicare eligibility portion of this would be, do you look at the compromise of 37%, if you could get something more favorable on medicare, would you say going up to 37% instead of 39.6 is enough? >> no. look, there was a tax plan and we looked at the discussion of keeping the rates at the level and reforming the tax code and dealing with deductions. the truth is, if you want to have significant deficit reduction, which republicans are arguing for and you want to stabilize the debt, we need significant revenue. we need to -- the real challenge we have is we are not raising
>> speaker boehner said he's willing to raise revenue. his method is simplify the tax code, eliminating the deductions wealthy people take advantage of. president obama is less interested in that. his emphasis is raising rates. that's been the debate. republicans may or may not concede on that. as you said, they don't have a lot of leverage. if they do nothing, if no law passes, they go over the fiscal cliff. >> that raises the issue. you are talking what a disaster the medicare...
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does john boehner have more control? >> they think obama can get anything through the house of representatives. but everything that has happened since the election all of the moves in the republican caucus have been about boehner consolidating control over that tea party caucus that didn't allow boehner to get a deal in 2011. >> there will be some criticism about it being two people at the table. will they get a deal done? >> i think there's some criticism from republicans about secret negotiations. i hate to break to to people in washington, but all negotiations over policy are secret in washington. that's how legislation gets done. you have to be in a room with negotiators to cut a deal. i wouldn't fret. >> they get criticized for not talking to each other and criticized for how to talk to each other. king maker, leaving before his term is up. says he could be more effective outside of the senate. what are they making of this in washington? >> a lot of people say the allure of a think tank with a big salary. >> more th
does john boehner have more control? >> they think obama can get anything through the house of representatives. but everything that has happened since the election all of the moves in the republican caucus have been about boehner consolidating control over that tea party caucus that didn't allow boehner to get a deal in 2011. >> there will be some criticism about it being two people at the table. will they get a deal done? >> i think there's some criticism from republicans...
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if john boehner says, look, mr. president, if you're going to force us to take the tax rates up, that's something we don't want to do, we'll go to 800, but that's it. we're not going to go beyond that, and you can't expect anything from us on a grand bargain beyond 800. that would really reduce the size of any kind of grand bargain. so in some ways, don, what's at stake here is whether they can craft a deal that's win/win. that each side can walk away from something in the short term saying we're encouraged. this gives us greater reason to go on and engage in the grand bargain next year. >> okay. you know, as republicans start to talk about maybe giving, you know, something on this tax hike for the wealthy, is this a white flag? i'm sure some will see it as a waving of a white flag, no? >> there will be a lot of democrats who think it's a white flag and they will say, mr. president, this is gl what he said. you hang tough with those guys and in the end they will cave and there will be some justification for that. ag
if john boehner says, look, mr. president, if you're going to force us to take the tax rates up, that's something we don't want to do, we'll go to 800, but that's it. we're not going to go beyond that, and you can't expect anything from us on a grand bargain beyond 800. that would really reduce the size of any kind of grand bargain. so in some ways, don, what's at stake here is whether they can craft a deal that's win/win. that each side can walk away from something in the short term saying...
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so that's $200 billion less than speaker boehner's. also something in here that the white house has proposed as a nonstarter for house republicans was having congress give up their debt limit vote. the white house is call being speaker boehner's counteroffer not serious. they're saying there needs to be specifics. but i will tell you that democratic leadership made in a moment of i guess you could say truth, that it does pass the last test. obviously democrats don't like it but it certainly could have more things in it that they don't like. so maybe it's not, as far as a starting point, they actual ply were surprised that republicans -- >> the saying on this one, is he crazy? >> maybe. >> all right. so so far both plans have proposed entitlement cuts but neither has given any specifics. the gop plan calls for an increase in tax revenue but no specifics on where that will come from. how much of this is a real negotiation and how much of it is just politics as usual? >> right now a lot of this is politics and posturing, and sort of openi
so that's $200 billion less than speaker boehner's. also something in here that the white house has proposed as a nonstarter for house republicans was having congress give up their debt limit vote. the white house is call being speaker boehner's counteroffer not serious. they're saying there needs to be specifics. but i will tell you that democratic leadership made in a moment of i guess you could say truth, that it does pass the last test. obviously democrats don't like it but it certainly...
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. >>> meantime, house speaker boehner and president obama speaking on the phone last night about the fiscal cliff. there still seems to be a freeze in the negotiation. >> there's nothing going on privately that's not going on the publicly. >> they've got to come with some specific revenue. they have refused to do that. >> we need that consensual break through. >> although the president seems obsessed on raising taxes for you. >> that is a bad strategy for america, it's a bad strategy for your businesses and it is not a game that i will play. >> is the administration prepared too go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the wealthiest 2%. remember it's only 2%. >> with just 25 days to go, the political satandoff could cost the u.s. millions of jobs. professor, good to have you back, good morning. >> good to be here, thanks. >> good read in the journal yesterday from you and if anybody needed to worry about this more, you invoke carter, you're talking about 1980. kind of scenarios if in fact we go over
. >>> meantime, house speaker boehner and president obama speaking on the phone last night about the fiscal cliff. there still seems to be a freeze in the negotiation. >> there's nothing going on privately that's not going on the publicly. >> they've got to come with some specific revenue. they have refused to do that. >> we need that consensual break through. >> although the president seems obsessed on raising taxes for you. >> that is a bad strategy for...
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and it is what house speaker john boehner did not say that is drawing attention tonight. when questioned by reporters yesterday, boehner would not comment on whether there is room for compromise on the president's demand for higher tax rates, on high income americans. boehner and the president spoke by phone this week, but in public comments, appear to have no -- made no progress. >>> same sex couples are finally getting their day in court. this time, the u.s. supreme court. justices have decided to hear two constitutional challenges to federal and state laws. one case involves the federal defense of marriage act, which denies federal benefits to same sex couples legally married in their own state. the other is a challenge to california's prop 8, which took away the right of same sex marriage that had been previously approved by state courts. >>> florida governor charlie crist completed his political transformation. crist was elected governor as a republican in 2006, then later ran for the senate as an independent. he campaigned for president obama, and spoke at the democ
and it is what house speaker john boehner did not say that is drawing attention tonight. when questioned by reporters yesterday, boehner would not comment on whether there is room for compromise on the president's demand for higher tax rates, on high income americans. boehner and the president spoke by phone this week, but in public comments, appear to have no -- made no progress. >>> same sex couples are finally getting their day in court. this time, the u.s. supreme court. justices...
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john boehner sitting by himself. all alone. not a single member of his party willing to share a seat. dent even have any milk to drink because, well, tell them why, john. >> they took my milk and threw it in the garbage. >> "early start" continues right now. >>> i'm so devastated for them. i'm really feeling for them. >> breaking radio silence. two deejays talk about the family of the nurse who took her own life after getting duped by their prank call. >>> top secret rescue mission. an american saved in afghanistan but at a heavy price. >> look who's talking. president obama and john boehner finally get together a little more than three weeks before we hit the fiscal cliff. good morning, everyone. welcome to "early start." i'm john berman. >> it's so night to you have back, john. it's 6:00 a.m. in the east. let's get started. the two men who stand between all of us and the fiscal cliff are finally speaking face-to-face. president obama and house speaker john boehner actually looked into each other's eyes yesterday and they talk
john boehner sitting by himself. all alone. not a single member of his party willing to share a seat. dent even have any milk to drink because, well, tell them why, john. >> they took my milk and threw it in the garbage. >> "early start" continues right now. >>> i'm so devastated for them. i'm really feeling for them. >> breaking radio silence. two deejays talk about the family of the nurse who took her own life after getting duped by their prank call....
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more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get a freebie is just crazy. >> california at 52%, new york and other places -- >> when you add up all the state and local taxes. hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she had
more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get...
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but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no real progress in negotiations. in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter. and the two men have not moved from that basic position. now, all of this comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all those americans, too, get a tax cut on the first $250,000 of their
but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no real progress in negotiations. in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter....
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comments are very interesting around boehner taking those actions around tea party members in the house. that's substantial. i think at the end of the day it will all come down to means testing. means testing on dividends, means testing on medicare, means testing on social security. that's the way they come to agreement. if you add up all the means testing moves on social security an medicare, that gets but $800 million right there. >> what's the cliff doing to gold? gold's been obviously an interesting trade over the last several sessions. it's been down $30 or so a couple different times. cliff related or something else going on? >> i think it's definitely more economically related. if you look over the last year, take morgan stanley five-year cds versus gold. every time we've had a rise in systemic risk, gold has fallen. over the last month or so, the financial cds, big banks of the united states, that's improved. so there's less global systemic risk, less lehman like risk. but gold has been acting poorly along with oil. so a lot of the economically sensitive under -- indicators are
comments are very interesting around boehner taking those actions around tea party members in the house. that's substantial. i think at the end of the day it will all come down to means testing. means testing on dividends, means testing on medicare, means testing on social security. that's the way they come to agreement. if you add up all the means testing moves on social security an medicare, that gets but $800 million right there. >> what's the cliff doing to gold? gold's been obviously...
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so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the spending cuts. >> come on, look. the erskine bowles language -- you know how this works. house republicans are will -- >> give me one. >> i won't play that game and here's why. house republicans -- house republicans are willing to sit . house republicans are willing to sit down. they're not any more anxious to deal with the cuts and pass the cuts than anybody else is but we demonstrated through the ryan budget, we did it once, we did it twice -- >> i'll give you that point. i wish everybody would stop talking about this in public and get behind closed doors and actually make this happen. i can't believe the amount of tough that is talking, the tough talk, we'll go over the cliff, we'll go over the cliff. >> let me ask you a point. it's a fiscal speed bump a $600 billion tax we need. the real thing we're headed for is the long-term progress we have to make. i'm very concerned the atmosphere is very poisoned the $600 b
so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the spending cuts. >> come on, look. the erskine bowles language -- you know how this works. house republicans are will -- >> give me one. >> i won't play that game and here's why. house republicans -- house republicans are willing to sit . house republicans are willing to sit down. they're not any...
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and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope for a voiding what a lot of people think is a calamity. >> but leadership isn't calling the other side names. i think when you talk about the big four, boehner, reid, pelosi -- >> no, not them. >> obama is on the legislative branch. we have to give him a break on that. but there are four big people. those four people couldn't be more inept. >> it's boehner -- the mcconnell and pelosi and reid have nothing to do with what's going on between boehner and obama. >> to some extent that's true. >> reid is the guy that pushed obama to extend the bush tax rates in 2010. so reid would i suspect -- >> i'm starting to like him more. i thought of him as senator pat geary from godfather 2. but everybody loves harry. there's a song everybody loves harry. anybodies that that has anything to do with casinos loves harry. just a quick question. you were a big cap guy for a long time. now dividends rates where going up. are you still a big cap guy? i've been a small cap guy. i'll t
and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope for a voiding what a lot of people think is a calamity. >> but leadership isn't calling the other side names. i think when you talk about the big four, boehner, reid, pelosi -- >> no, not them. >> obama is on the legislative branch. we have to give him a break on that. but there are four big people. those four people couldn't be more inept. >>...
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when it comes to higher taxes, you seem to disagree with house speaker boehner when he says raising taxes on the highest earners will hurt jobs. can you elaborate on that? >> i think what the speaker is saying quite correctly is you don't want to increase taxes on the job creators. the problem here is the 1986 act that equalized corporate and personal rates. so the most important thing is to have an internationally competitive corporate rate of 25% and a territorial tax system and then individuals who have been filing their businesses as s-corporations or pass-through corporations can incorporate and get that lower rate. they can negotiate on the individual rates. >> so you don't think the ordinary income, then, the 39.6% that we're talking about, in that case, would apply to small business. they would fall under the corporate tax rate. >> yes, exactly. people forget that until 1986, corporate and individual rates were separate. a big part of the '86 act was to equalize them. there's a big difference between 2012 and 1986. only 17% of our economy was related to trade in '86. last year in
when it comes to higher taxes, you seem to disagree with house speaker boehner when he says raising taxes on the highest earners will hurt jobs. can you elaborate on that? >> i think what the speaker is saying quite correctly is you don't want to increase taxes on the job creators. the problem here is the 1986 act that equalized corporate and personal rates. so the most important thing is to have an internationally competitive corporate rate of 25% and a territorial tax system and then...
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speaker boehner is about to speak. here he is. >> when it comes to the fiscal cliff that's threatening our economy and our jobs, the white house has wasted another week. you know, eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase in the debt limit like forever. four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen. washington's got a spending probl
speaker boehner is about to speak. here he is. >> when it comes to the fiscal cliff that's threatening our economy and our jobs, the white house has wasted another week. you know, eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase in the debt limit like forever. four days ago we offered a serious proposal based on testimony of...
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it's called the boehner rule. one dollar in spending increase for one dollar for debt limit increase. you balance the budge net 10 years without raising taxes. the republicans aren't giving this up any time and neither are democrats. megyn: do you see irony that the president wants to eliminate congress from raising the debt limit. when he was a senator he said in part we are debating raising a debt limit and he said this is a sign of leadership failure. increasing america's debt weakens us domestically and internationally. washington is shifting the burden on the backs of our children and grandchildren. america has a debt problem and a failure of leadership and america deserves better. >> it's true when bill clinton left office in 2000 we had you are plus and the deficit would have been eliminated as we sit here today what changed that was the republican president and congress. what put us on the path we are on now is not democrats. we would have no collective debt at all if we had left in place the clinton budge
it's called the boehner rule. one dollar in spending increase for one dollar for debt limit increase. you balance the budge net 10 years without raising taxes. the republicans aren't giving this up any time and neither are democrats. megyn: do you see irony that the president wants to eliminate congress from raising the debt limit. when he was a senator he said in part we are debating raising a debt limit and he said this is a sign of leadership failure. increasing america's debt weakens us...
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sometimes i feel bad for the speaker, speaker boehner. he's caught between the elected obama and the ufrn elected norquist crossfire. there's not a lot of room to maneuver in that space. tuesday we've got two big investor meetings. first there's dell world. dell world? i like kirby's fourth world. there's dell world. is the risk taken out of this one now? it's down so low. or does it even matter? deleveraged buyout as goldman hinted in its sell-buy research upgrade this week? second, there's a -- how many times can you tell us that monster drinks aren't any worse and may actually be better than a cup of joe from starbucks? let us count the ways that this analyst meeting slash lovefest, they will tell you that there's no better way to preserve your heart than to drink a taste of monster every morning. now, analysts will be plenty hopped up when they come out of this meeting because they'll be recommending this stock in high-speed fashion. next on wednesday we're going to get the results from joy global. here's the company that has the best
sometimes i feel bad for the speaker, speaker boehner. he's caught between the elected obama and the ufrn elected norquist crossfire. there's not a lot of room to maneuver in that space. tuesday we've got two big investor meetings. first there's dell world. dell world? i like kirby's fourth world. there's dell world. is the risk taken out of this one now? it's down so low. or does it even matter? deleveraged buyout as goldman hinted in its sell-buy research upgrade this week? second, there's a...
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it would be great if he went golfing with john boehner. >> gretchen: as hong as they don't ask. here are the headlines. a scare for franky muniz who rose to fame for malkare olm in the middle. >> it is the video . desense -- desensitized to violence. how many have you had. >> gretchen: the 26 year old recovering after suffering from a min i stroke. they are awaiting results. they noticed that nuniz had trouble understanding word and speaking. >> brian: he has to take better care of himself. >> steve: meanwhile, a mother could face crimminal charges if she doesn't bring her daughter back to the hospital. cops are searching for 11 year old emily who suffers from leukemia. her mom removed her iv and snuck her out of the arizona and took off to who knows where. doctors say emily is at riskk of infection and could die within days. >> brian: a cheerleader making a recovery after falling five stories . back in october. page rocky was at a party, ridiculous in a way . unbelievably good and fell 39 feet out of a apartment window. she had brain damage and now she's in rehappen and walk ta
it would be great if he went golfing with john boehner. >> gretchen: as hong as they don't ask. here are the headlines. a scare for franky muniz who rose to fame for malkare olm in the middle. >> it is the video . desense -- desensitized to violence. how many have you had. >> gretchen: the 26 year old recovering after suffering from a min i stroke. they are awaiting results. they noticed that nuniz had trouble understanding word and speaking. >> brian: he has to take...
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speaker john boehner has said that this is something that is much closer to the bowles-simpson proposal. erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that it's now up to negotiators to figure out where the middle ground is today. >> bowles said that the mid point that i used back in -- this is where we were last year. so used the mid point of the negotiations, but it's in longer the mid point i guess. >> he also said -- he is a testimony, but he has separated himself from the administration by saying that they thoo should have taken more of their proposals more seriously. he also said last night that you will see higher marginal tax rates. >> higher marginal or effective? >> higher mar begin ginal rates talking about last night. >> that's part of the 500. >> he thinks as part of the compromise to get there, you'll have to see the democrats get their way in terms of higher marginal tax rates. he also said that the republicans should be able to see higher entitlement cuts, that that should be part of thi
speaker john boehner has said that this is something that is much closer to the bowles-simpson proposal. erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that it's now up to negotiators to figure out where the middle ground is today. >> bowles said that the mid point that i used back in -- this is where we were last year. so used the mid point of the negotiations, but it's in longer the mid point i guess....
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. >> the republicans spoke just a minute ago, john boehner saying his fellow republicans do in fact, as we watch the president work the room ahead of his remarks, they do back his opposition to raising rates outright. this chatter that the coalition is fraying, how complicating is that? the question is whether it frays enough to caught a fundamental shift in strategy. i think at the end of the dahl the republicans will give on higher rates. the question is when? does 2 happen before december 31st? in which case republicans and conservatives would argue republicans are agreeing to a tax increase. does it happen after january 1st when rates will have already risen? and if they cut them to 37% top rate, then republicans could say, hey, we just cut taxes. that's really the question. the president has made an argument that it is not practical to get all the money he wants from merely closing loopholes and deductions. he's said different things in the past. he's acknowledged significant amounts of money can be raised through closing loopholes. can you get it done quickly? by the end of the
. >> the republicans spoke just a minute ago, john boehner saying his fellow republicans do in fact, as we watch the president work the room ahead of his remarks, they do back his opposition to raising rates outright. this chatter that the coalition is fraying, how complicating is that? the question is whether it frays enough to caught a fundamental shift in strategy. i think at the end of the dahl the republicans will give on higher rates. the question is when? does 2 happen before...
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negotiations are pretty much at a standstill, but if you ask house speaker john boehner, he has an idea of who's holding things up. >> there are a lot of things that are possible to put the revenue the president seeks on the table. but none of it's going to be impossible. the president insists on his position. insists on my way or the highway. >> in his weekly white house address this morning, president obama responded to boehner's remark. >> i'm willing to make more entitlement spending cuts on top of the one trillion dollars in spending cuts i signed into law last year. but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >>> holiday hiring may have given a big boost to the jobs report released yesterday. retail hirers hired more people than any month on record since 1939. 146,000 jobs were added to
negotiations are pretty much at a standstill, but if you ask house speaker john boehner, he has an idea of who's holding things up. >> there are a lot of things that are possible to put the revenue the president seeks on the table. but none of it's going to be impossible. the president insists on his position. insists on my way or the highway. >> in his weekly white house address this morning, president obama responded to boehner's remark. >> i'm willing to make more...
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this is the first time boehner got his entire leadership team, including cantor and paul ryan to sign a plan that called for the raising of revenue. so what is the republican counteroffer? $800 billion in tax revenue by closing loopholes and deductions. should point out that would affect families with an income of $250,000 or more. >> brian: they're going to leave the charitable deduction and talking about leaving the mortgage deduction. there is other deductions. they got to get specific at this point. the selection over. >> gretchen: it would have included 600 billion in entitlement cuts and other programs, extends the bush era tax cuts for everybody and it raises the medicare retirement age and, of course, democrats are very testy about that because they don't want to do that at all. i believe have raised it from 65 to 67. what's important is what steve alluded to, which is boehner -- >> brian: as opposed to what i allude to inasmuch but it included. >> gretchen: it included the top members of the republican party. eric cantor and paul ryan also signed on to this closing of the loo
this is the first time boehner got his entire leadership team, including cantor and paul ryan to sign a plan that called for the raising of revenue. so what is the republican counteroffer? $800 billion in tax revenue by closing loopholes and deductions. should point out that would affect families with an income of $250,000 or more. >> brian: they're going to leave the charitable deduction and talking about leaving the mortgage deduction. there is other deductions. they got to get specific...